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To: Don Lloyd who wrote (5718)7/8/2001 3:32:16 AM
From: smolejv@gmx.net  Respond to of 74559
 
To be able to discuss in a more serious way, I need to do the background reading - my knowledge in these matters is a little above ignorance[*], but I'm curious. Still, seeing money as some goods produced to be delivered, velocity may/must have some practical meaning somewhere. Why then talk about "6 months until FED actions will be felt" etc.

dj

[*] The first to say that, was Socrates, and, man, was he a smart cookie;